Research indicates that 45% of all customers are delinquent on payments (and therefore have a bad account) after three months, and 15% are still delinquent after six months. According to the CCA, after three months the chance of recovering a bad account is 73% and after six months the chance is 50%.
a) What is the probability that a randomly selected account is bad after three months and will be recovered?
b) What is the probability that a randomly selected account is bad after six months and will be recovered?a